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Infosys eyeing US buy opportunities: paper

business Updated: Mar 28, 2009 11:39 IST

Reuters
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Indian software services firm Infosys Technologies Ltd expects to find acquisition opportunities in the US during the current downturn, the Mint newspaper reported on Saturday.

"Acquisitions will definitely be very accessible in this market from a price point of view. If it makes sense we'll do it," the paper quoted Infosys co-chairman Nandan Nilekani as saying.

Companies operating in the healthcare and pharmaceuticals sectors would make interesting targets, Nilekani said.

Last year, Infosys, India's No 2 software services exporter, bid for British consultancy and SAP services provider Axon but lost to smaller Indian rival HCL Technologies.

The US market currently accounts for about 63 per cent of the Indian firm's revenues, the report said.